The Hain Celestial Group, Inc. (NASDAQ:HAIN) – Equities researchers at SunTrust Banks boosted their FY2018 earnings estimates for shares of The Hain Celestial Group in a research note issued to investors on Tuesday. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings per share of $1.57 for the year, up from their previous forecast of $1.56. SunTrust Banks also issued estimates for The Hain Celestial Group’s Q1 2019 earnings at $0.23 EPS, Q2 2019 earnings at $0.44 EPS and Q3 2019 earnings at $0.48 EPS.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. The business had revenue of $725.10 million during the quarter, compared to analysts’ expectations of $720.70 million. During the same period last year, the company posted $0.43 EPS. The business’s revenue was down 1.7% on a year-over-year basis.

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Several other brokerages also recently weighed in on HAIN. Susquehanna Bancshares Inc downgraded shares of The Hain Celestial Group from a “positive” rating to a “neutral” rating in a research note on Tuesday, August 22nd. J P Morgan Chase & Co reissued a “neutral” rating on shares of The Hain Celestial Group in a research note on Friday, June 30th. Citigroup Inc. reissued a “buy” rating and issued a $46.00 target price (down previously from $62.00) on shares of The Hain Celestial Group in a research note on Monday, July 10th. BidaskClub downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada boosted their target price on shares of The Hain Celestial Group from $39.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. The Hain Celestial Group has a consensus rating of “Hold” and a consensus target price of $40.48.

Shares of The Hain Celestial Group (HAIN) traded up 0.96% during trading on Thursday, hitting $40.02. 587,541 shares of the company’s stock were exchanged. The Hain Celestial Group has a 12-month low of $31.01 and a 12-month high of $45.61. The company has a 50-day moving average of $42.23 and a 200-day moving average of $37.76. The company has a market cap of $4.15 billion, a P/E ratio of 61.57 and a beta of 1.28.

Several large investors have recently bought and sold shares of HAIN. Toronto Dominion Bank bought a new stake in shares of The Hain Celestial Group during the second quarter valued at $13,584,000. Proxima Capital Management LLC bought a new stake in shares of The Hain Celestial Group during the second quarter valued at $4,076,000. Sterling Capital Management LLC bought a new stake in shares of The Hain Celestial Group during the second quarter valued at $281,000. Kalos Management Inc. raised its stake in shares of The Hain Celestial Group by 10.2% in the second quarter. Kalos Management Inc. now owns 11,639 shares of the company’s stock valued at $451,000 after buying an additional 1,076 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of The Hain Celestial Group by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 31,557 shares of the company’s stock valued at $1,225,000 after buying an additional 462 shares in the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group announced that its Board of Directors has authorized a stock buyback program on Thursday, June 22nd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

Earnings History and Estimates for The Hain Celestial Group (NASDAQ:HAIN)

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